Albany, Inc

question 63

Multiple Choice

Albany, Inc. does business in states C and D. State D uses an apportionment formula that double-weights the sales factor; state C apportions income using an equally-weighted three-factor formula. Albany's before tax income is $3,000,000, and its sales, payroll, and property factors are as follows.
Calculate Albany's income taxable in each state.

• A) State C, $1,100,000; State D, $1,800,000.
• B) State C, $1,100,000; State D, $1,900,000.
• C) State C, $1,200,000; State D, $1,800,000.
• D) State C, $1,300,000; State D, $1,700,000.

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Definitions:

Low-Frequency

Low-frequency pertains to events, signals, or items occurring or operating at a relatively small number of cycles or occurrences per unit of time.

High-Frequency

Refers to phenomena or activities that occur at a rapid rate or over short intervals, often used in contexts like electronics, trading, or signals where a high number of cycles or transactions happen within a short period.

Hair Cell

A specialized auditory receptor cell within the inner ear that enables hearing by converting sound vibrations into electrical signals.

Volley Principle

A theory explaining how auditory nerve fibers respond to sounds of different frequencies by firing together in volleys to convey the pitch of sound.